Cloudian has announced that it has raised $94 million in Series E funding. This brings Cloudian’s total funding to $173 million. This round of funding included participation from Digital Alpha, Eight Roads Ventures, Goldman Sachs, INCJ, JPIC (Japan Post Investment Corporation), NTT DOCOMO Ventures, and WS (Wilson Sonsini) Investments.
Cloudian — which is a distributed file systems and object storage provider — is going to be using the funding to expand their sales and marketing efforts worldwide plus the engineering team talent will be grown as well. Essentially, Cloudian’s technology transforms standard servers and virtual machines into clusters of logical storage resources, which can be placed into physical data centers, in the cloud, or at remote sites.
“Cloudian redefines enterprise storage with a global data fabric that integrates both private and public clouds — spanning across sites and around the globe — at an unprecedented scale that creates new opportunities for businesses to derive value from data,” said Cloudian CEO Michael Tso in a statement. “Cloudian’s unique architecture offers the limitless scalability, simplicity and cloud integration needed to enable the next generation of computing driven by advances such as IoT and machine learning technologies.”
By 2020, it is expected that there will be 20 billion connected devices. And as media companies, healthcare organizations, and manufacturing companies are increasing their demand for processing vast amounts of data, the demand for distributed storage has substantially increased. Some of Cloudian’s clients include public health companies in the US and UK, two of the top five Formula One teams, a US national research lab, an Ivy League university, and a top three pharmaceutical company.
